Canopy Growth (CGC) in Focus: Stock Moves 9.2% Higher

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Canopy Growth Corporation CGC was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 32.8% in the past one-month time frame.

The move came after Constellation Brands Inc. said it will invest around $4 billion in the company.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Canopy Growth currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Canopy Growth Corporation Price

Canopy Growth Corporation Price | Canopy Growth Corporation Quote

A better-ranked stock in the Medical - Products industry is BioLife Solutions, Inc. BLFS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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